Chile's trade surplus decreased to USD 371 million in May 2019 from USD 415 million in the same month of the previous year. Exports fell 2.3 percent to USD 6353 million, dragged down by lower sales of mining products (-2.3 percent), namely copper (-2.3 percent), molybdenum (-29.5 percent) and iron (-17.1 percent). Also, shipments decreased for agricultural, forestry and fishing goods (-5.8 percent) and manufactured products (-1.4 percent), of which food (-5.2 percent); basic metals (-38.2 percent); machinery & equipment (-13.5 percent) and cellulose, paper & others (-11.2 percent). Meantime, imports shrank 1.7 percent to USD 5982 million, as purchases slipped for consumption goods (-6.3 percent) and capital goods (-6.7 percent). In contrast, imports of intermediate goods rose 3.6 percent, namely oil (55.7 percent). Balance of Trade in Chile averaged 476.62 USD Million from 1991 until 2019, reaching an all time high of 2968.68 USD Million in April of 2007 and a record low of -1384.72 USD Million in October of 2008.

Balance of Trade in Chile is expected to be 470.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Chile to stand at 300.00 in 12 months time. In the long-term, the Chile Balance of Trade is projected to trend around 500.00 USD Million in 2020, according to our econometric models.

Chile Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-07 11:30 AM Balance of Trade $276M $1031M $850M
2019-04-08 12:30 PM Balance of Trade $607M $276M $580M
2019-05-07 12:30 PM Balance of Trade $632M $607M $ 710M
2019-06-07 12:30 PM Balance of Trade $370M $610M $680M
2019-07-09 12:30 PM Balance of Trade $370M $ 470M
2019-08-07 12:30 PM Balance of Trade
2019-09-06 11:30 AM Balance of Trade


Chile Trade Last Previous Highest Lowest Unit
Balance of Trade 370.80 612.33 2968.68 -1384.72 USD Million [+]
Current Account -1022.60 -3634.00 3256.31 -5054.90 USD Million [+]
Current Account to GDP -3.10 -1.50 4.50 -14.00 percent [+]
Imports 5982.27 5253.69 7865.59 492.60 USD Million [+]
Exports 6353.07 5866.01 7760.56 644.40 USD Million [+]
External Debt 189584.70 186888.53 189584.70 2435.00 USD Million [+]
Capital Flows 2.16 -2401.46 13891.49 -5487.39 USD Million [+]
Gold Reserves 0.25 0.25 35.96 0.21 Tonnes [+]
Terms Of Trade 100.40 94.99 122.50 58.80 Index Points [+]
Terrorism Index 3.45 3.25 3.97 0.50 [+]
Tourist Arrivals 406399.00 383271.00 521425.00 50093.00 Persons [+]
Foreign Direct Investment -299.68 -41.80 899.37 -6259.76 USD Million [+]
Crude Oil Production 4.00 3.00 13.00 2.30 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Chile Balance of Trade

Chile has been recording trade surpluses since 1999, mostly due to a rise in shipments of copper. The most important non mineral exports are chemicals and metals, machinery and equipment , processed food, forestry and wood products, fresh fruit, salmon and wine. On the other hand, the country imports mostly energy products, chemicals, cars, apparel and machinery and equipment. Recently, the biggest trade surpluses were recorded with Japan and China while the largest trade gaps with Brazil, Argentina and the US. This page provides the latest reported value for - Chile Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Chile Balance of Trade - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
370.80 612.33 2968.68 -1384.72 1991 - 2019 USD Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia 207.60 May/19
Italy 2884.57 Apr/19
Japan -967.11 May/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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